7 Easy Steps to Quicken the Collection of Accounts Receivable

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7 Easy Steps to Quicken the Collection of
Accounts Receivable
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1. Speeding Your Invoice

• Dont delays in sending invoice than payment too
  will get delay.

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2. Billing at Right

• Make invoices billed correctly so that there will
  not need any further corrections.

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3. Be Smart on Fixing Credits

• Think twice before raising credit limits to an
  individual by considering your sales.

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4. Have Feasible Payment Options

• A feasible payment option will prompt clients to
  pay quickly and it will increase your cash flow.

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5. Maintain Aging Reports

• Maintaining aging reports helps you to track
  clients according to their pay category.

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6. Feel Free to Communicate and Record
Interactions

• If youre not getting a proper response from
  client. Make sure you are communicating politely
  and non-threatening mode.

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7. Hire a Collection Agency

• Hire a collection agency, if you found no
  resources to quicken collection of your accounts
  receivables.

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Published By
Navkar Consultancy Services
www.ncscorp.com.au